An Auditor Selects a Random Sampling of Tag Numbers and Identifies

question 81

Multiple Choice

An auditor selects a random sampling of tag numbers and identifies the tag with that number attached to the actual inventory. The purpose of the procedure is to

• A) obtain proper cutoff information.
• B) uncover the inclusion of nonexistent items as inventory.
• C) determine if the client has adequately priced the inventory item.
• D) verify that the client has not changed the recorded counts after the auditor left the premises.

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Definitions:

Acts of Resistance

Behaviors or actions undertaken to oppose and challenge authority or prevailing norms.

Daydreaming

A short-term detachment from one’s immediate surroundings, during which a person's contact with reality is blurred and partially substituted by a visionary fantasy.

Social Changes

Adjustments or transformations in the structure, organization, and dynamics of a society over time.

Agricultural Revolution

A period marked by significant changes in farming practices, leading to increased crop yields and the rise of sedentary human civilization.